ITAT Chandigarh Upholds Taxation of Survey Cash Under Section 69A r.w.s. 115BBE

Svetlana Gorodinskaia Vs ACIT (ITAT Chandigarh) ITAT Upholds Higher Tax on Unexplained Cash: Confirms Section 69A Read with 115BBE on Survey Disclosures; Judicial Summary: ITAT Chandigarh on Taxation of Unexplained Cash Found During Survey This summary details the Income Tax Appellate Tribunal (ITAT), Chandigarh Bench’s decision in Svetlana Gorodinskaia Vs ACIT, concerning the taxability of unexplained cash found during a survey operation. The key legal issue was whether this cash should be treated as normal business income or as “unexplained money” under the special provisio...